By: Ron Paul President Trump’s planned 25 percent tariff on steel imports and 10 percent tariff on aluminum imports may provide a temporary boost for those industries, but the tariffs will do tremendous long-term damage to the American and global economies. Tariffs raise the price of, and reduce demand for, imported goods. Tariffs ensure the […]
Archives for March 2018
WATCH: Milton Friedman destroys tariffs, steel industry – 40 years ago
The more things change, the more they stay the same. No matter how many times an idea has been debunked, politicians and protectionists keep advocating for those same concepts. It’s ridiculous. Forty years ago, legendary economist Milton Friedman discussed tariffs, the steel industry, and overall free trade. If he were around today, he would likely […]
POLL: 80% of Americans support Trump’s protectionism
Populism can be a source for good, but it can also be a source for bad. For the most part, populism has railed against the globalists, the nihilists who advocate for world government and the annihilation of national sovereignty. But then there is the downside: protectionism, the economic nationalism, something that we saw last week […]
If tariffs create U.S. jobs, why not introduce taxes on all imports?
When President Donald Trump announced his latest tariffs on steel and aluminum, Republicans, conservative activists, and free market organizations were quick to denounce the move, arguing (rightfully so) that it will backfire and hurt Americans more than the exporting countries. The president and many of his supporters espouse the 18th century mercantilist dogma that the […]
Week in Review: March 5 to March 11
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: 5 reasons to oppose Trump steel tariffs 4D CHESS: Trump leverages proposed steel tariffs in NAFTA negotiations Keynesians rejoice! Hamilton thugs cause $100k worth of damage #OscarsSoFail: Oscar […]